Chao Fails to Disclose Position at Multacom

April 16, 2001 (PLANSPONSOR.com) - US Labor
Secretary Elaine Chao failed to list her position on the
board of privately held Multa Communications Corporation
(Multacom) on her financial disclosure form, according to The
New Republic magazine.

The disclosure form, which nominees to head government
department our required to file with the U.S. Office of
Government Ethics, shows 28 positions held outside the
government by Chao, but makes no mention of Multacom.

Chao served on the company’s board from July 1, 2000 and
resigned her position a month after took office, according
to a Multacom spokesperson.

Commenting on disclosure forms, a spokesman for the
ethics office said that an innocent omission would not
generally trigger a penalty, but a penalty could be imposed
if it were determined a person falsified or knowingly
omitted information.